At the beginning of 2021, Mark's sales had the following ledger balances:

During the year there were $45,000 of credit sales, $46,000 of collections, and $3,800 of write-offs. At the end of the year, Mark's adjusted for uncollectible account expense using the percent-of-receivable method, and applied a rate, based on past history, of 10%. At the end of the year, what is the ending balance in the Allowance for uncollectible accounts?

Question 20 options:

	$21,300
	$14,000
	$3,700
	$ 1,320

Accounts receivable 18,000 Allowance for uncollectible accounts 1,200 Uncollectible accounts expense 0